At the same time, the eu and U.S. interest rates on mortgage loans are growing. In recent months, Shell has been very successful. Yet while they are 2-3% lower than in Russia. And it is also on hand to domestic credit institutions: foreign Investors happy repurchased expensive and fairly reliable debt of Russian banks. In July of this year, Vneshtorgbank placed Eurobonds with a mortgage of $ 88.3 million with maturity of 29 years on the Irish Stock Exchange. Then the "City Mortgage Bank issued mortgage securities worth $ 72.56 million maturity of up to 27 years.
"And with securitization of the loan portfolio of the City Mortgage Bank," the paper were placed not only among European, but also among American investors. Thanks to a deal the bank has access to a large volume of funding from the international capital market. As shown by the practical result of securitization, it is significantly more profitable than attracting debt financing ", – says member of the Management Board of the Urban mortgage bank, Igor . Lower interest rates, forcing bankers to develop services lending (refinancing) borrowers. While the service of transferring the credits are not in high demand because it is mainly interested in customers who took a loan two years ago, when interest rates were higher, but some of these borrowers.
Mass conversion to the service, the refinancing will occur within a few years, when rates fall even lower, many borrowers want to reduce the cost of the loan. Bankers do not rush things, they do not want to sharpen competition, each other's customers. Them and without this it is sufficient in a growing market. But is the flow rate of borrowers to slow down, as competition in this area will increase. In the meantime, headache Bankers – a slowdown in housing costs. It leads to a decrease in demand for loans. Because people who can afford to buy an apartment on the alert and wait for falling prices. According to bankers, to no avail: housing will only more expensive, though not as vigorously as this past spring and summer. After all, housing supply lags far behind demand. According to the head unit "Mortgage" ojsc Alfa-Bank "Elijah zibareva to balance supply and demand proposal, the country does not need to build 45 million square meters. meters of housing per year and 140 million square feet. m. This is not a given that about 35% of Russian housing needs renovation or subject to demolition.